Hmnn - Ex number one holder Cliffs sell out sub 6c to leave the building after receiving $20 from PLV to cover their bond - Showman gets the pink slip after consummating the Cockatoo deal after trying to return serve on WEG and cutting them out of their 50 %
Accounts need to be redone to allow for WEG to get back their 50% of cockatoo which now has zero value on the PLV balance sheet - Showman is reinstated to the board ??
PLV is in suspension for 4 months and new number 2 holder EIM starts asking serious questions about what's going on ? now today EIM have dropped under the 5% sub holder status but still have 12 or 13m shares left to unload ( whoa JP Morgan De Ja vu ) EIM were happy to sell at 9c and probably wil take less to unload the rest.
What is PLV worth ? somewhere between 6c and 9c is what Mr Market says - As it turns out it appears WEG got shafted paying 38.5c for their 20%
hOOt
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